UEM Sunrise’s indirect wholly owned subsidiary, Nusajaya Rise Sdn Bhd entered into sale and purchase agreements with Nusajaya Tech Park Sdn Bhd, a joint venture company owned by UEM Land Berhad and Ascendas Land (Malaysia) Sdn Bhd; an indirect subsidiary of CapitaLand Development of Singapore for the sale of its lands in Gerbang Nusajaya, Iskandar Puteri, Johor of approximately 94.9 hectares or 234.5 acres for a total consideration of RM289.2 million.
UEM Sunrise Bhd is injecting freehold plots measuring a total of 94.9ha in Johor into its joint venture with CapitaLand Development of Singapore Nusajaya Tech Park Sdn Bhd (NTPSB) for the expansion of new industrial phases in the Nusajaya Tech Park, Iskandar Puteri. In a statement, UEM Sunrise said its indirect wholly owned Nusajaya Rise Sdn Bhd has inked two sale and purchase agreements with NTPSB, the JV of UEM Sunrise's wholly owned UEM Land Bhd and CapitaLand's indirect unit Ascendas Land (Malaysia) Sdn Bhd, for the sale of the plots for RM289.2 million.
Here is a brief look at some corporate announcements and news flow on Thursday (Aug 4), which include UEM Sunrise Bhd, MR DIY Group (M) Bhd, TWL Holdings Bhd, Malaysia Smelting Corporation Bhd's (MSC), Syarikat Takaful Malaysia Keluarga Bhd and Kelington Group Bhd.
KUALA LUMPUR, Aug 4 UEM Sunrise Bhd’s indirect wholly-owned subsidiary, Lucky Bright Star Sdn Bhd, has entered into a sale and purchase agreement (SPA) with Nippponkey Sdn.